Liberty
Consumers Win When Southwest Hedges Its Bet
I continue to marvel at the business genius of Southwest Airlines. When I lived in Phoenix, I watched ticket prices drop as Southwest, led by its legendary CEO Herb Kelleher,…
Futures contract
Liberty
Corn futures, 1998-2008
To follow up on my earlier post today (This is your planet-saving fuel? Ethanol? Are you nuts?), I got this chart off the Chicago Board of Trade today: Now that…
Liberty
Gasoline futures up 20 cents already today
As of this writing, they’re at 2.71 after closing at $2.51 Friday.
Liberty
Gasoline prices
In general, crude oil futures prices are reliable indicators of gasoline futures prices ? but not always. A series of problems with oil refining has caused lower-than-expected supplies. Here is…
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Be prepared for more gasoline foaming from the tinfoil community
Because gasoline futures are on the rise this week ? they’ve already risen 13 cents per gallon this week over forecasts of a colder winter forecast, an unexpected dip in…
Liberty
Dear local gas retailers,
OK, guys, it’s time you dropped your prices. Mostly because it will benefit me, the consumer, because I have put off filling up in anticipation of a price drop. Why…
Liberty
Gas prices update
While I’m keeping everyone abreast of other news, I thought I’d fill you in on what oil and gasoline futures are doing. As of yesterday, in a trend that’s continuing…
Liberty
Re: Petroleum; also, War on Wages
Hal, the one to watch is gasoline futures; right now they are hovering around mid-October’s prices but they are not in disequilibrium. As of this morning they are trading at…
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Meanwhile, going unnoticed by people who react emotionally to gasoline prices …
… but the futures price for gasoline (next month delivery) closed at $1.395 today. That represents a decline since Sept. 28 of over 40 percent. Gasoline futures closed at $2.34…
Liberty
Lower gasoline prices ? thank the market, not Congress
WPTF 680 AM’s Kevin Miller this morning reiterated his observation from last Friday that gasoline prices have gone down a lot ever since Congress grilled executives of Big Oil earlier…
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Don’t look now, but …
gasoline futures on the NYMEX have fallen 37.6 percent over the past two months. They peaked at $2.3393 Sept. 28, and today they closed at $1.4595.
Liberty
Disequilibrium still stinks
Gasoline futures closed yesterday on the NYMEX at 1.7352. You’ll recall that Sept. 28 they closed at 2.3393 (60 cents higher). This means that gasoline futures have declined over 25…